Surplus Lines News

A pair of massive California wildfires that have destroyed more than 2,000 structures are now considered among the most damaging fires in state history, and they could change the way insurers view risk or conduct underwriting in rural areas in …

The board of directors of the Surplus Lines Stamping Office of Texas (SLSOT) announced the retirement of Philip R. Ballinger as executive director after 22 years of distinguished service. He will remain in the post until Jan. 2, 2015. Ballinger …

There are a number of bills currently under consideration by state Legislature that may be of interest to agents, brokers and insurance professionals in general. Lobbyist John Norwood, owner of Norwood Associates in Sacramento, recently issued an update on pending …

As a horde of bills that’s introduced each year wends their way through both houses of California’s Legislature, a few people in the insurance industry are watching closely an innocuous looking bill with simple language to change a few words …

The amount of surplus lines insurance premium written in Texas rose by 25 percent as of the end of October compared with the same period the year before, signaling a boost to companies operating in this sector. The state of …

The Excess Line Association of New York (ELANY) plays a vital role for New York’s surplus-lines industry. The group, a non-profit advisory association created by the New York statute in 1988, is charged with the duty to facilitate and encourage …

Andrew G. Simpson, vice president of content for Wells Media Group Inc., recently grilled Surplus Lines Association of California Executive Director Benjamin McKay on an array of matters, including the market, new regulations and SLA’s role in the world. As …

Lawyers for the Orleans Parish School Board in Louisiana have garnered another $17 million in insurance proceeds to help cover damage done by Hurricane Katrina and its aftermath. District officials said the money is slated to go toward $2 billion …